Food & Beverage FDD Analyzed

Panda Express

Citadel Panda Express, Inc.

Rosemead, CA Website FDD: April 21, 2025
Apply for Access

Free for qualified buyers

Investment Range

$514,500 - $3,275,500

Franchise Fee

$12,500

Royalty

8%

Marketing Fee

Total Units

2,502

Median Revenue

$1,370,147/yr

Unit Growth

Last 5 years

2022

2,352

+2.6%

2023

2,413

+3.7%

2024

2,502

Initial Investment Breakdown

CategoryLowHigh
Initial License Fee$25,000$25,000
Lease of Premises (Initial 3 months’ rent)$10,000$425,000
Leasehold Improvements$100,000$1,500,000
Furniture, Fixtures, Equipment and Supplies$120,000$650,000
Initial Inventory$11,000$18,000
+ 11 more categories (apply to see all)
TOTAL INVESTMENT$514,500$3,275,500

Financial Performance Data

Access detailed revenue metrics, expense breakdowns, and profitability data from the Item 19 Financial Performance Representation.

Apply for Free Access

Franchisee Contact Directory

191

Connect directly with existing franchise owners to learn about their experience, get real insights, and validate your decision.

Apply for Free Access

Is Panda Express a Good Investment?

Based on the FDD data, here are key factors to consider when evaluating a Panda Express franchise opportunity:

Potential Advantages

  • Established brand with 2,502+ locations nationwide
  • Financial Performance Representation (Item 19) available for review

Considerations

  • Higher royalty fee of 8% compared to industry average
  • Litigation history disclosed in FDD (review Item 3 carefully)
  • Higher initial investment requires significant capital

Disclaimer: This analysis is based on publicly available FDD data and should not be considered financial advice. Always consult with a franchise attorney and accountant before making any investment decision.

Frequently Asked Questions About Panda Express

How much does a Panda Express franchise cost?

The total initial investment for a Panda Express franchise ranges from $514,500 to $3,275,500. This includes the franchise fee, equipment, inventory, real estate, and other startup costs as disclosed in the FDD.

What is the Panda Express franchise fee?

The initial franchise fee for Panda Express ranges from $12,500 to $25,000.

What are the ongoing fees for a Panda Express franchise?

Panda Express franchisees pay a 8% royalty fee and marketing fees on an ongoing basis.

How many Panda Express franchise locations are there?

Panda Express currently operates 2,502 franchise locations. This includes both franchised and company-owned units.

Quick Facts

Litigation Disclosed
Bankruptcy None
Protected Territory No
Item 19 (FPR) Available
Apply for Full Access

Free for qualified franchise buyers

With Full Access

  • Complete FDD analysis & data
  • Financial performance metrics
  • Franchisee contact directory
  • Historical year-over-year trends
  • Side-by-side brand comparisons
  • Download FDD documents

Ready to explore Panda Express?

Get complete access to FDD data, financial performance metrics, franchisee contacts, and powerful comparison tools. Free for qualified franchise buyers.

Apply for Free Access